Furthermore, the import timearia of used machinery or equipment can provide access to high-quality machines or equipment, which are often not produced in Brazil. This allows companies to obtain more advanced technologies at a lower cost.
The following used Machinery or Equipment that can be classified under Admission Timearia:
- Machinery or equipment used to provide services to third parties;
- Used machinery or equipment intended for the production of other goods intended for sale;
- Used machines or equipment intended to serve as an industrial model, in the form of molds, matrices or sheets and industrial tools.
See below some of the purposes of admission timearia of used machines or equipment:
1- Import for functional testing purposes.
In this regime of admission timearia of used machines or equipment, it is necessary for the importer to obtain approval of the license from the Federal Revenue and DECEX, the importer will have a period of up to one year to suspend taxes, carry out tests and return the machine or equipment or can choose to nationalize the machine or equipment.
In this regime of admission timeFor used machinery or equipment, the importer must obtain approval of the license from the Federal Revenue Service and DECEX. Unlike the test purpose, this regime can last up to 8 years, and the importer must collect partial taxes on the machinery or equipment, proportional to the time it will remain in Brazil.
In this case, the importer chooses to nationalize the machinery or equipment, instead of returning it to the country of origin. In this case, the importer will pay the balance of the taxes due.
Importation must be of a character timeary, that is, the machines or equipment will be used in Brazil for a limited period.
The machines or equipment used must be used exclusively for the purposes provided for in the regime.
During the validity of the regime, at the end of the period of admission timearia, there are several options available to the importer, including:
Re-export: Used machinery or equipment can be sent back overseas.
Destruction under customs control: Used machinery or equipment may be destroyed, with the importer bearing the costs.
Transfer to another special customs regime: Used machinery or equipment may be transferred to another special customs regime, if applicable.
Nationalization: Used machinery or equipment can be nationalized if the importer decides to keep them permanently in Brazil.